The Sun TV network has won the Hyderabad franchise of the IPL, bidding Rs 85.05 crores per year (around $15.9m) for a five-year deal. The decision was announced after a meeting of the IPL's governing council in Mumbai on Thursday, and a week after Deccan Chargers, the original Hyderabad franchise, was terminated after failing to meet the deadline for raising its bank guarantee.

The other bidder for the franchise was PVP Ventures, who offered Rs 69.03 crores per year (around $12.9m). This was the second time PVP tried to buy the franchise, having failed last month as well with a bid of Rs 900 crores ($164m) for ten years.

In all, four firms had bought the tender document. Besides Sun TV Network and PVP Ventures, Jaypee Group and Videocon had bought the document but didn't submit the bid.

The IPL Governing Council has also taken a decision on future of the cricketers on the Chargers' roster which included high-profile names like Sri Lanka's Kumar Sangakkara and South Africa's Dale Steyn. ESPNcricinfo has learnt that the BCCI has offered Sun TV time till the end of the month to sign contracts with those Chargers' players they would like to retain. The players who do not reach an agreement with the franchise will become free agents, going into the pool for next year's auction along with other capped players.

Sun TV Networks Limited, which is headquartered in Chennai, is one of India's biggest television networks with 32 TV channels and 45 FM radio stations primarily catering to an audience in the four southern languages of India. Their network includes channels covering news, entertainment, film, documentary and music.

The winning bid from Sun TV (about $79.5m for five years) is higher than the $107m for ten years the previous owners of the Hyderabad franchise, Deccan Chargers Holdings Limited (DCHL), paid back in 2008, when the league was being established. "This Franchise fee represents a premium of over a 100 % above the amount paid by DCHL for the Hyderabad Franchise in 2008," the BCCI said in a release announcing the sale of the new franchise.

Sun TV's bid price, which totals $80m or Rs 425.2 crores for five years is however, considerably less than what emerged during the last round of bidding for new franchises two years ago. In 2010, the Sahara group offered to buy the Pune franchise at $370m for ten years. In dollar terms, Sahara's deal over five years adds up to $185m.

In an attempt to draw more bidders, the base price for the franchise had been lowered to about $56m (about Rs 300 crore) for five years, compared to the base price of $225m for ten years in 2010, when the Pune and Kochi franchises were bought.

Chargers were initially terminated from the IPL last month after the BCCI claimed claiming defaults of payments to players, foreign boards and its possible "deleterious" effects on the league. A legal battle followed, with the BCCI winning last week, and then inviting bids for a new franchise. The board had previously agreed to help DHCL sell off the franchise, but had attracted only one bid which was rejected.

its a shame that so many multi-billionaires from AP did not even bid. its not that they r short of cash may be just dont have guts to take the risk. anyway no prob, i like gemini tv too.

POSTED BY
kunalmailid
on | October 26, 2012, 10:06 GMT

hyderabad nawabs would be the best name

POSTED BY
on | October 26, 2012, 9:41 GMT

Players to get next season Chris Moris,Ballance,Rohith Motwani,Rishi Dhawan,Jalaj Saxena,De Cock,Abdul Rassak

POSTED BY
on | October 26, 2012, 4:59 GMT

will they LIVE telecast Deccan Chargers matches on SUN tv??????

POSTED BY
sweetspot
on | October 26, 2012, 4:15 GMT

Sun TV will be clever enough to leave all the political overtones out of this venture, just watch. And what's up with people having problems with two owners from the same state? It is all about the "winning bid", so who cares who wins? This is not some government regulated licensed quota. Welcome to the free market.

POSTED BY
johnathonjosephs
on | October 26, 2012, 1:21 GMT

I like how a chennai tv station has bought a hyderabad based cricket team

who cares i completly lost intrest in ipl as indian players show more intrest in ipl than playing for india best example sehwag have u ever seen him play in t20 with sr 110 and scoring 50+ score for india in t20 je will throw his wicket away with in 15 balls

POSTED BY
ProdigyA
on | October 26, 2012, 16:11 GMT

its a shame that so many multi-billionaires from AP did not even bid. its not that they r short of cash may be just dont have guts to take the risk. anyway no prob, i like gemini tv too.

POSTED BY
kunalmailid
on | October 26, 2012, 10:06 GMT

hyderabad nawabs would be the best name

POSTED BY
on | October 26, 2012, 9:41 GMT

Players to get next season Chris Moris,Ballance,Rohith Motwani,Rishi Dhawan,Jalaj Saxena,De Cock,Abdul Rassak

POSTED BY
on | October 26, 2012, 4:59 GMT

will they LIVE telecast Deccan Chargers matches on SUN tv??????

POSTED BY
sweetspot
on | October 26, 2012, 4:15 GMT

Sun TV will be clever enough to leave all the political overtones out of this venture, just watch. And what's up with people having problems with two owners from the same state? It is all about the "winning bid", so who cares who wins? This is not some government regulated licensed quota. Welcome to the free market.

POSTED BY
johnathonjosephs
on | October 26, 2012, 1:21 GMT

I like how a chennai tv station has bought a hyderabad based cricket team

who cares i completly lost intrest in ipl as indian players show more intrest in ipl than playing for india best example sehwag have u ever seen him play in t20 with sr 110 and scoring 50+ score for india in t20 je will throw his wicket away with in 15 balls

POSTED BY
cric_info_man
on | October 25, 2012, 19:39 GMT

how about 'Hyderabad Biryani' or 'Hyderabad Bhayay' or better 'Hyderabad Wolves' or 'Deccan Dhuay'?

POSTED BY
on | October 25, 2012, 17:53 GMT

This sounds great TNCA players will get more chance to play ..so we can expert RC also come for bid next year i sugest Kalaingar TV to buy RC team..

I am so happy now bcz we have 20 + matches to cheer Haaa Haaa... Vavu Vavu..

POSTED BY
ashok16
on | October 25, 2012, 17:15 GMT

Not clear why PVP's earlier bid which was higher than today's winning Sun TV bid, failed. Can somebody clarify?
Sun TV has been running an airline well, I am sure they can handle a shrewdlyl priced cricket team well. Good thing is team is unlikely to move out of Hyd.
Is there going to be bidding for one more team or is Gujarat unlikely to get a team now?

POSTED BY
Vikramaditya100
on | October 25, 2012, 16:56 GMT

Good to hear... although not sure why people thinks Chennai has 2 teams... Sun TV has a very large market in AP also.... probably 2nd largest.....

POSTED BY
y4yoga
on | October 25, 2012, 16:39 GMT

We never matter Sun TV wins or jaya Tv or Vijay TV. Our Team is always only Super Kings. we'll not back any other team.....

POSTED BY
on | October 25, 2012, 16:38 GMT

plz don't go for Darren Lehmann as coach.

u can re-build new team, anyhow u can pick the best players from CL T20

POSTED BY
on | October 25, 2012, 16:19 GMT

How will Hyderabad react to a rising Sun?

POSTED BY
on | October 25, 2012, 15:57 GMT

How about "Reddy Bulls" ?

POSTED BY
on | October 25, 2012, 15:41 GMT

what is this.. when pvp tried last month vt 164m $ for 10 yrs, they rejected..so fr 5 years its 82m $... which is greater than the current bid of 79.5m $....

POSTED BY
on | October 25, 2012, 15:33 GMT

I hope they wont take the same players again...Only Steyn and amit mishra are good in the team for T20...All other players(both local and international players) are not so good atleast in T20's..

POSTED BY
akhilesh0109
on | October 25, 2012, 15:08 GMT

unless the IPL GC removes player retention and uncontrolled unaccounted transfers, the league will stay the same.. MI, DD, RCB n CSK buying the good players or teams( MI got SACHIN n DD got Sehwag along with the franchise) n retaining them for rest of their careers isnt justified..MI got ojha, karthik etc n still had budget.. n the value of these players is untested whereas players like vinay kumar get 1 million just for being an Indian medium pacer. just imagine an auction starting with the members of Indian playing XI. it would be nothing less than a tug of war.. but with the money and power that these big teams hold, the bcci wont let go off player retention.. not until srinivasan holds both bcci n csk posts simultaneously.. pune will also not let yuvi go. so where do teams like hyderabad n rajasthan who missed out on the 2nd player auction get members of regular Indian playing XI?? something has to give in before the next mega auction to be held after the ipl 6 finishes next year

POSTED BY
nav84
on | October 25, 2012, 15:06 GMT

I hope Gayathri Reddy keeps coming to the stadium to cheer for Hyderabad team.

POSTED BY
on | October 25, 2012, 14:59 GMT

Hope more Tamil Nadu players would get a chance to be part of IPL through SunTV. But is it good to have two owners from the same State competing ? CSK and SUNTV ? CSK has been Chennai's favorites since beginning of IPL.

POSTED BY
on | October 25, 2012, 14:44 GMT

@sundar02 ... I feel the same

POSTED BY
Sanjeevakki
on | October 25, 2012, 14:39 GMT

The Best thing to have happend to IPL....The God thing is the franchise is from Hyderabad... I Hope Owners of Rajasthan and Kings Eleven Punjab too should be replaced by strong/powerful business houses like adani,jaypee,videocon and others... so that the competition among teams would be huge... and we will get some good quality cricket to witness... For Season 6 I hope all uncapped Indian players will be put up for Auction.... so that Good players are equally distributed among all teams (currently CSK,MI,KKR and RCB have good local players)
For Season 7 we wil be having a huge Auction as all players will available for Auction...and I feel we will be having one more team probably from Gujrat.....Being Bangalore Fan.......I'm sure Kohli and Gayle will remain with RCB... so would be he case with other prominent players in other teams.

POSTED BY
on | October 25, 2012, 14:14 GMT

hope no problem for srilankan players please

POSTED BY
InsideHedge
on | October 25, 2012, 14:06 GMT

Without claiming to be an expert on business models in India, I would say this is an outrageous sum of money that Sun TV are forking out. Fairly soon, they will realize that they've entered a bad deal.

POSTED BY
on | October 25, 2012, 14:05 GMT

@afzalhyderabadi If you try to prove your point saying DD is indirectly a AP team, then DC and CSK are TN teams. Its not that we call it a TN team, we are proud for two owners from the same place and we have another team to support. Lets hope atleast these guys change the fortunes of the DC in the years to come.

POSTED BY
symsun
on | October 25, 2012, 13:45 GMT

i believe they wouldn't mind if the name is not in tamil

POSTED BY
afzalhyderabadi
on | October 25, 2012, 13:27 GMT

well it is good that hyderabad team remains. For those people who are soughting here that now chennai will have two team, i think they should first undergo IQ test. Do you guys know who is DD owner?? it belongs to Grandhi Mallikarjuna Rao(GMR) who belongs to AP. MI owner?? mukesh ambani, gujrati. KKR owner? sharukh khan, mumbai & delhi. PWI owner?? subrato roy, bengali. So, you should know the basic fact that, the team belongs to the city for which it was bought, not the state or city to which its owner or share holders belongs?? So, please correct your mistakes, especially tamil nadu fans who are posting comments here.

POSTED BY
perl57
on | October 25, 2012, 13:25 GMT

@BetterReading 1)Baigan ki meri 2) Kyakee 3)nakkorebawa 4)Nee amma. They are better names. Deccan Chronicle was always trying to earn money and more money. Hence neither their businesses survived nor their franchise. If you think other franchisees are paying dues without fail check all the other ones like CSK. They still have to pay a glut to Dhoni, Raina etc etc.

POSTED BY
arvindthiru
on | October 25, 2012, 13:20 GMT

The retentions should be Sanga, Steyn, Duminy, Christian, Inshat, Dhawan, Mishra. Do not retain Cameroon white, he is an overhyped player.

POSTED BY
kingcobra85
on | October 25, 2012, 13:18 GMT

Hyderabad and the word for sun in Telugu will be the name or they will go for their airline business and name it Hyderabad Jets

POSTED BY
MohanRagavan
on | October 25, 2012, 13:18 GMT

its gud to hear that Deccan stays alive in the IPL....From now the deccan team will be made stronger because its managed by SUN TV networks...south indian people knows what this SUN TV is capable of...they hav acheived in many fields...
more importantly deccan chargers can have a support from both A.P and Tamil NAdu people...and finally there is two team from chennai.....

POSTED BY
Porky_PigTheToon
on | October 25, 2012, 13:10 GMT

No matter what you do - Change team's name, Change Owners, Change Dresses, Change overseas players, Increase Salaries, Change equipments, Change venues or whatever - unless you have good quality Indian players (at least 3), you won't win. See the top teams of IPL - MI, CSK, KKR, DD, RCB - they all have class Indian players. DC hardly have any !

POSTED BY
sundar02
on | October 25, 2012, 13:08 GMT

Worst thing ever happened to Indian cricket, entering of this group in to cricket. They are like poison to the cricket, slowly but steadily the will occupy all powers of cricket in India and they will repeat what they did in tamil nadu film industry and destroy for their own goodness. saddest day in Indian cricket, you people will realize that in near future.

POSTED BY
aravind077
on | October 25, 2012, 13:07 GMT

telangana chargers?hyderabad warriors?

POSTED BY
IndCricFan2013
on | October 25, 2012, 12:48 GMT

What this means is that all other franchise doubled their value in 5 years and poor Sahara lost half their value in a year. Sun TV jumped in at the right time, they do know how to run the business, hopefully Sanga and Steyn does not need to stop over to get Karuna's blessings ( read no political intervention).

POSTED BY
on | October 25, 2012, 12:42 GMT

Deccan Terminators is the right choice for Mr.Kalanidhi maran. They should keep all foreign players and they should take some young bloods from indian side.

POSTED BY
on | October 25, 2012, 12:39 GMT

Sun Chargers? Deccannidhi Chargers? Dravida Munnetra Chargers? Gemini Chargers? by Mr.Prabhu ... hilarious Chargers may not be there at all!!!!! how is the name HYDERABAD HEROES???

Before finding a suitable name, think where they would place the team as their host city. It can be other cities in India. There are 12 cities they can choose from.

POSTED BY
Ashoo780
on | October 25, 2012, 12:10 GMT

they should name it " Solar Chargers ". :D

POSTED BY
JAYATV
on | October 25, 2012, 12:06 GMT

sun tv will have no problem of employing the cheer girls as they have plenty in all their channels!!!
kala with kaveri will be entering a new area which was greek and latin to them..... but iam sure they will suceed.....

POSTED BY
JAYATV
on | October 25, 2012, 12:03 GMT

Its boon time for kalanidhi maaran as he can minimise travel with spicejet for the players and his channel will take care of the entertainment part to the players!!!!!!

POSTED BY
Rajeshj
on | October 25, 2012, 12:02 GMT

Good news for the hyderabad team... Kalanidhi Maran is renowned for his resourcefulness and is damn good in whatever business he ventures.. I won't be surprised to see Deccan team becoming a dominant force in quick time.. they will definitely perform good in the next edition of ipl...

I am a non telugu guy and a supporter of CSK, but I strongly believe that this team will come back in a big way representing the telugu resilience. Moreover sun group is more professional and with much better business acumen and they will market and promote the team much better. I think Deccan will go from the name as it reflects "Deccan Chronicle" and they will go with a new name altogether. Maybe something which starts with Hyderabad. All the best to the new team.

POSTED BY
deadite11
on | October 25, 2012, 11:46 GMT

Solar Chargers i guess :P, and i guess Sun network is from D.M.K's family, so there's chanceless to see a Sri Lankan player in that team.

POSTED BY
Haleos
on | October 25, 2012, 11:36 GMT

@ cric_freakNo2 - Laxman???? Are you seerious. we indians need to stop this player favoritism and concentrate on what is good for the team. VVS was just a okish ODI player. Unlike Dravid he failed to adopt in T20. his slogs were ugly to watch and it hurt to see a classy player struggle the way he did.

POSTED BY
kingkarthik
on | October 25, 2012, 11:35 GMT

The name should be Telugana warriors

POSTED BY
rob-nick
on | October 25, 2012, 11:32 GMT

sad that sun tv have won this bid as they didn't bid intially and dc not given time in the final stages of thier deal

POSTED BY
on | October 25, 2012, 11:21 GMT

Good news for the hyderabadis as IPL stays in Hyderabad..

POSTED BY
on | October 25, 2012, 11:18 GMT

My opinion for the team name is Hyderabad Kings/Gemini warriors.Players to retain are Steyn,White.Coach should be the great Dada

Sunrise chargers? I think with Sun tv buying, the team should start with "K" or something related to sunshine.

POSTED BY
on | October 25, 2012, 10:45 GMT

Hyderabad Heros the Icl name should select

POSTED BY
Thyagu5432
on | October 25, 2012, 9:59 GMT

Atleast the players wont go without getting paid from now on. They can pay salaries for the next 100 years. Now they may need one more tank to be made in Hyderabad to store jet fuel required for their cars.

1. Deccan Maraunders is a name worth considering ;-) ... and ... 2. To win local support, have Gayatri Reddy as Brand Ambassador :-)

POSTED BY
on | October 25, 2012, 9:47 GMT

management must keep white, christian sten sanghkara and duminy ... they r good 20-20 players . they need to buy some good indian players to make the team balance.

POSTED BY
harshavardhans
on | October 25, 2012, 9:39 GMT

The team name should be like Hyd Badshas,Andhra Tigers..

POSTED BY
on | October 25, 2012, 9:39 GMT

@ Oblivion - I would be damned if that happens.

POSTED BY
ssenthil
on | October 25, 2012, 9:35 GMT

I think this can't be bad for Hyd fans. Sun group is professionally managed and I hope they show professionalism here as well and they won't be wooden spoon holder anymore. So when Mallaya selling his team? So that Kalainger or Jeya TV group also buy that :P

POSTED BY
kaakal
on | October 25, 2012, 9:35 GMT

"Hyderabad Suns" like in " Phoenix Suns" of NBA !!!!!!

POSTED BY
on | October 25, 2012, 9:25 GMT

Happy to see Hyderabad remain in IPL....so is it Solar Chargers now????

POSTED BY
VJbas
on | October 25, 2012, 9:24 GMT

so in next CLT20 we will have two Chennai Teams,

POSTED BY
ravikiran.bits
on | October 25, 2012, 9:20 GMT

obviusly chargers base wont be chennai.. hope it will be in hyderabad only.

POSTED BY
AMAZINGFAN
on | October 25, 2012, 9:19 GMT

team name should be gemini crackers......

POSTED BY
KannanSR
on | October 25, 2012, 9:09 GMT

It's better to combine the players of both CSK and DC together and then to make a stronger 11 for both teams.Chennai Fans would like to see these two teams to face in the IPL 2013 Final.Kannan S R

POSTED BY
pranay_bangalore
on | October 25, 2012, 9:03 GMT

Is it mandatory to have the owner name in team name. I dont remember any of the current teams named so

POSTED BY
on | October 25, 2012, 9:00 GMT

DMK into cricket , On day they will come into BCCI

POSTED BY
akbaassu
on | October 25, 2012, 8:57 GMT

the team should be
1.hyderabad metti oli
2. andhra chithies
3.hyderabad chellamae

POSTED BY
on | October 25, 2012, 8:57 GMT

@KM u did it man, all gonna to watch victory in ipl tooo.

POSTED BY
yoohoo
on | October 25, 2012, 8:55 GMT

For those wondering why Sun TV bought in AP, Sun TV also has a huge telugu channel network. It is called "Gemini TV" (7 channels - Gemini music, movies etc etc.), and is completely owned by SUN TV. They also own the "Udaya TV" (6 channels) in Kannada and Surya TV in Malayalam.

POSTED BY
cric_freakNo2
on | October 25, 2012, 8:55 GMT

Happy :) My sincere requests to SUN management is add Hyderabad to the team name(even Hyderabadi flops is okay for me) and change the shirt colour :P, also bring some young talent from Ranji into team(Laxman is must).
Note1: Dont loose STEYN
Note2:please LOOSE WHITE
Note3:Nizam Nawabs name is acceptable :P

POSTED BY
on | October 25, 2012, 8:34 GMT

Rising Sun, is my choice for this team

POSTED BY
veerakannadiga
on | October 25, 2012, 8:33 GMT

@ SoverBerry2 ha ha good one... very true..

POSTED BY
on | October 25, 2012, 8:29 GMT

logically chennai has two home teams.

POSTED BY
pranay_bangalore
on | October 25, 2012, 8:28 GMT

Good news is that Hyderabad stays..Not so good news is Sun TV owns it

Either way, tamil tambis now have a backup team to follow , in case CSK packs early

POSTED BY
Sakthiivel
on | October 25, 2012, 8:26 GMT

When Sun Tv Kalanithimaran enter into any business he always win. Sure DC will be a better team hereafter. Best wishes from Tamilnadu.

POSTED BY
Oblivion
on | October 25, 2012, 8:25 GMT

Good Now Hyderabad IPL team will be renamed as "SUN CHARGERS" OR "SOLAR CHARGERS" after taken over by Sun Group from Deccan Group.

POSTED BY
mfmfaiq
on | October 25, 2012, 8:20 GMT

So What Will Happen to Chennai Super Kings??
Dilemma for Chennai!!

POSTED BY
vish57
on | October 25, 2012, 8:19 GMT

Indeed happy Hyderabad is back in IPL instead of a way side place getting the highest bid; Ahmedabad too deserves to have a team but always luck less right from 1st auction. May be after 10 years they will have a team when the existing team contract end after IPL10.

POSTED BY
hemanth.reddy
on | October 25, 2012, 8:16 GMT

as a dc fan iam disappointed from now dc belongs to chennai.there is no one in andhra to buy dc team................

POSTED BY
ramli
on | October 25, 2012, 8:13 GMT

Good news! SUN TV is managed professionally and one can expect the same in this venture also. Its CMD has all the energy, vision, tact and hope. May expect all fringe players from CSK to opt for a transfer. Good luck!

POSTED BY
CricketMaan
on | October 25, 2012, 8:12 GMT

Gemini Gladiators or Teja Terminators is my suggestion..lol..it will be aligned to their market :-)

POSTED BY
indiane
on | October 25, 2012, 8:11 GMT

Its good news.They'll know how to administrate and manage a business.I hope Hyderabad will also be getting some good players under the sun group.

POSTED BY
BetterReading
on | October 25, 2012, 8:10 GMT

Good news for Hyderabad. Hope it will be a better and competitive team.

POSTED BY
on | October 25, 2012, 8:08 GMT

there it goes....Sun tv now in cricket too......

POSTED BY
HazyClarity
on | October 25, 2012, 8:04 GMT

Will Deccan Chargers be called "Sun Chargers" now? ;-) ;-)

POSTED BY
SoverBerry2
on | October 25, 2012, 7:59 GMT

Hai.. We now we have 2G Scam in IPL too...

POSTED BY
on | October 25, 2012, 7:55 GMT

Atlast something to feel happy for Hyderabad fans excepting change in management change the future of the team go hyderabd

POSTED BY
on | October 25, 2012, 7:50 GMT

hmm glad to have hyd team back in IPL..

POSTED BY
on | October 25, 2012, 7:49 GMT

ya good news but suntv network native is tamilnadu so?

POSTED BY
on | October 25, 2012, 7:43 GMT

Its now official , both my Chennai Neighbours own IPL Teams ...

POSTED BY
on | October 25, 2012, 7:42 GMT

dats nice to hear as hyd came back in IPL

POSTED BY
NIT2222
on | October 25, 2012, 7:42 GMT

hope kochi and ranchi also cmes.....

POSTED BY
on | October 25, 2012, 7:42 GMT

Its Awesome......:)and good news for the DC players too................;-)

No featured comments at the moment.

POSTED BY
on | October 25, 2012, 7:42 GMT

Its Awesome......:)and good news for the DC players too................;-)

POSTED BY
NIT2222
on | October 25, 2012, 7:42 GMT

hope kochi and ranchi also cmes.....

POSTED BY
on | October 25, 2012, 7:42 GMT

dats nice to hear as hyd came back in IPL

POSTED BY
on | October 25, 2012, 7:43 GMT

Its now official , both my Chennai Neighbours own IPL Teams ...

POSTED BY
on | October 25, 2012, 7:49 GMT

ya good news but suntv network native is tamilnadu so?

POSTED BY
on | October 25, 2012, 7:50 GMT

hmm glad to have hyd team back in IPL..

POSTED BY
on | October 25, 2012, 7:55 GMT

Atlast something to feel happy for Hyderabad fans excepting change in management change the future of the team go hyderabd